Post
Topic
Board Beginners & Help
Re: Please help verify if this a fake crypto exchange website
by
Coyster
on 06/12/2023, 16:38:11 UTC
I will have him file a police report. Is there a federal agency that I need to get involved or is this just a local filing?
You can file a report with your local authorities, but i don't think they can help you in this case. The website is registered in Hongkong, China, and i don't know if your local authorities would have any jurisdiction on a site hosted in that part of the world, though if too many people have been scammed through this website and many of them file complaints, their address can be flagged and if they ever send coins into any centralized exchange, it would be seized.
The site is requesting that he pay a fine in order to release his funds. Is this a scam?
It is a scam, if he pays the fine, his funds would not be released, he would be asked to pay more and more until he gets tired and forfeits it, it is better he cuts his losses now and accepts that he has been scammed.